Church & Dwight lifts annual targets on higher prices, steady demand
Consumer goods companies have been jacking up prices of their products to safeguard margins from spiraling costs linked to manufacturing, supply chain, raw materials, labor and a stronger U.S. dollar. Yet, they have seen minimal resistance from customers, who have otherwise cut back on discretionary spending including apparel and home goods in the face of still-high food prices and rentals. However, investors have now started flagging their concerns about higher prices to consumer good companies as it can put them at a potential risk of losing customers.
Source: yahoo.com
